Officials are still assessing the damage, but the economic toll of Hurricane Ian is already staggering.
Early estimates are approaching $70 billion, and consumers could feel pinched at grocery stores because of the storm.
Ian is one of the most powerful hurricanes to make landfall in the United States. Entire towns in central and northeastern Florida were devastated.
60% of Floridians don’t have flood insurance, and homeowners there already pay the highest average premiums in the nation, and it could get worse.
But President Joe Biden has promised that help is on the way. The President is giving about $38,000 to those who don’t have adequate home insurance, and another $38,000 for lost property.
Not just for homes and businesses, Florida produces 70% of citrus, so any damage to your crops means higher prices in stores.
Economists do not expect oil and gas prices to rise as Florida is not an energy producer.
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https://abc7ny.com/hurricane-ian-aftermath-damage-florida-update/12281757/ Aftermath of Hurricane Ian: Florida storm damage estimated at tens of billions of dollars